Log In/Sign Up
Your email has been sent.
1720 County Rd 64
Horseheads, NY 14845
Red Robin · Retail Property For Sale
Investment Highlights
- Over 3 Years Remaining | Scheduled Rental Increases | Corporate Signed | Established Brand | Healthy Sales
- Outparcel to Walmart Supercenter Anchored Center | Arnot Mall (1,057,000 SF) | Strong National/Credit Tenant Presence
- Strong Demographics in 5-mile Trade Area | Six-Figure Incomes
- NNN Ground Lease | Leased Fee Ownership | Minimal Landlord Responsibilities
- Along County Road 64 (19,800 VPD) | Interstate 86 (31,000 VPD) | Excellent Visibility
Executive Summary
SRS National Net Lease Group is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in a NNN, freestanding, corporate signed, Red Robin investment property located in Horseheads, New York. The tenant, Red Robin International, Inc., has over 3 years remaining on their current term, with 3 (5-year) options to extend. The lease features 10% rental increases at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is NNN with minimal landlord responsibilities making it an ideal, low management investment opportunity for a passive investor. There are nearly 500 Red Robin restaurants across the United States and Canada, including those operating under franchise agreements.
Property Facts
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Building Size
4,402 SF
Building Class
B
Year Built
2005
Price
$1,957,000
Price Per SF
$444.57
Cap Rate
6.80%
NOI
$133,100
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.42 AC
Zoning
GC - General Commercial
Parking
84 Spaces (19.99 Spaces per 1,000 SF Leased)
Frontage
232’ on 64
Amenities
- Freeway Visibility
- Restaurant
- Signage
- Monument Signage
Property Taxes
| Parcel Number | 073489-058-004-0001-017-111-0000 | Improvements Assessment | $0 |
| Land Assessment | $3,073,100 | Total Assessment | $3,073,100 |
Property Taxes
Parcel Number
073489-058-004-0001-017-111-0000
Land Assessment
$3,073,100
Improvements Assessment
$0
Total Assessment
$3,073,100
1 of 10
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
